THE SENATE	S.B. NO.	1218
THIRTY-FIRST LEGISLATURE, 2021		S.D. 1
STATE OF HAWAII

A BILL FOR AN ACT

RELATING TO TECHNOLOGY TRANSFER AT THE UNIVERSITY OF HAWAII.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:

SECTION 1. The timely and efficient commercialization of intellectual property created by basic and applied research at the University of Hawaii greatly benefits the public and the State.

Act 38, Session Laws of Hawaii 2017, facilitated the University of Hawaiiꞌs contribution to research commercialization and economic development for the State by clarifying and updating the application of ethics principles set forth in the state code of ethics to technology transfer activities sponsored by the University of Hawaii. Act 38 included a sunset date of June 30, 2022.

The purpose of this Act is to allow the university to continue its contribution to research commercialization and economic development by extending the sunset provision in Act 38, Session Laws of Hawaii 2017, by three years.

SECTION 2. Act 38, Session Laws of Hawaii 2017, is amended by amending section 5 to read as follows:

"SECTION 5. This Act shall take effect upon its approval; provided that this Act shall be repealed on [June 30, 2022.] June 30, 2025."

SECTION 3. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.

SECTION 4. This Act shall take effect upon its approval.

Report Title:

University of Hawaii

Description:

Extends the sunset provision in Act 38, Session Laws of Hawaii 2017, to 6/30/2025. (SD1)

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